Bitcoin could see another significant dip before entering a green only phase.
Altseason has historically always arrived after Christmas.
Current chart signals a similar bullish altseason to arrive after Christmas.
The present state of the crypto market has led many seasoned and reputed analysts to rally the greater crypto community. In the last 5 days BTC price set a new ATH at $108,000 only to fall to $92,000 and then recover between $96,000 and $98,000 where the crypto price has been hovering over the last 24 hours.
Presently, analysts are either encouraging traders to now give in to FUD and panic sell but rather hold on to their assets or accumulate if they have the means or are spending their time to accumulate potential assets themselves or to study the current market signals to determine what the pioneer crypto asset’s next move will be.
Bitcoin’s Correction Delays Cycle Top Arrival
https://twitter.com/milesdeutscher/status/1870293514870829108
According to many analysts there may be further dips before BTC moves into 2-3 months of only green pumps. As we can see from the post above, the dip has extended the bull run by another month or two which may end up being a good thing as Bitcoin seemed to have been moving very fast.
https://twitter.com/SenseiBR_btc/status/1870537723360206925 Altseason Could Begin After Christmas
Ultimately, the analyst says that a reset now is ideal as it will lead to price peaks in Q1 of 2025. The same sentiment extends to altcoins as well. As we can see from the post above, altseason has historically only begun after Christmas. Based on the current charts, it is likely that the same pattern will repeat this cycle as well.
So far, altcoins like SUI and ONDO have already hit new ATH. While analysts say altseason has had an early start this year, it seems the most bullish phase of altseason is yet to commence. In support potential altcoins like Injective, SUI, SHIB, XRP, and JASMY are all showing highly bullish signals hinting at new ATHs soon.
The post Altseason Has Historically Arrived After Christmas, Signs Point to a Similar Altseason Arrival This Cycle appeared first on Crypto News Land.
